Former US Treasury Secretary Larry Summers said on Thursday that it's "substantially" more likely than not that the United States will enter a recession next year. Recession became "almost inevitable" once inflation rates grew above 5%, he said. On an annual basis, prices rose by 8.2% in September.
The Verge's Makena Kelly tells "Nightcap's" Jon Sarlin that if the proposed Parler acquisition goes through, Kanye West will be buying a social media app that has a very bleak daily active users count compared to Twitter. For more, watch the full Nightcap episode here.
BMW recently announced a $1.7 billion investment to help prepare its huge Spartanburg, South Carolina, factory to produce electric cars and SUVs. That sum included $700 million for the construction of a battery manufacturing plant nearby.
Last week, the US Centers for Disease Control and Prevention issued guidance recommending the updated Covid-19 booster for children ages 5 to 11. Previously, the bivalent booster was recommended for children 12 and older, as well as for all adults. Now, the Pfizer/BioNTech booster is available for children 5 and older, and the Moderna booster can be given to children 6 and older.
• Video: Kevin Spacey testifies in own defense, says his dad was neo-Nazi
• Matthew Perry describes his battle with addiction in his new memoir
• Anne Hathaway reflects on the 'hate' she endured after winning her Oscar
• Taylor Swift reveals a few things that keep her up at night
• First on CNN: Former White House Counsel Pat Cipollone and former US Sen. Kelly Loeffler testify to grand jury in Georgia investigating 2020 election interference
Covid-19 vaccines will be part of recommended immunization schedules in 2023 for both children and adults, after a unanimous vote by the US Centers for Disease Control and Prevention's independent Advisory Committee on Immunization Practices.
We know what we need to do to get a good night's rest and yet we're still terrible at it. Mount Sinai's sleep expert, Dr. Neomi Shah, breaks down five surprising things we're getting wrong about sleep. Get ready to hear more about sleep trackers, snooze buttons, testosterone and more.
People can now choose their sex marker in their Social Security records, the Social Security Administration announced Wednesday. It's the latest step in the Biden administration's effort to be more inclusive of transgender Americans.
The Hubble Space Telescope captured a new snapshot of the asteroid that NASA recently slammed with a spacecraft in an attempt to knock it off course, and the image reveals the clearest look yet at some unexpected results from the mission — a twin tail of dust trailing behind the asteroid system.
The Pentagon is introducing measures to protect military service members' rights and access to abortions no matter what state they are stationed in, according to a memo from Secretary of Defense Lloyd Austin.
With the electric vehicle market heating up, CNN's Peter Valdes-Dapena joins "Nightcap's" Jon Sarlin to talk how Elon Musk can keep Tesla at the top. Plus, The New York Times' Lauren Hirsch on how the proposed Kroger-Albertsons could affect your grocery bill. And does Kanye West know what he's getting with his proposed purchase of Parler? The Verge's Makena Kelly on Ye's Parler trick. To get the day's business headlines sent directly to your inbox, sign up for the Nightcap newsletter.
Oath Keepers founder Stewart Rhodes was skeptical that then-President Donald Trump would invoke the Insurrection Act in the lead up to January 6, according to new messages revealed Thursday, and was privately preparing to wage his own rebellion led by the far-right militia group.
In August, Finland's comprehensive family leave plan went into effect, granting 160 days of parental leave to both parents (or 320 days for a single parent). While it's great to see the progress other countries are making, we question whether or not the US will ever understand how imperative paid family leave is to reach true gender equality.
CNN's Vanessa Yurkevich visits the town of Lordstown, Ohio, where she talks to residents about the effects of inflation on their lives and the influence this has on who they'll vote for in the upcoming midterms.
Oklahoma has executed by lethal injection Benjamin Cole, who was sentenced to death for the 2002 murder of his 9-month-old daughter Brianna Victoria Cole, over the objections of defense attorneys who argued the 57-year-old suffered from schizophrenia and was severely mentally ill.
